Review your results from Short Exercise SC 10 Requirements 1 Total each column of the cash payments journal 2 Open the following four column accounts in the accounts payable subsidiary ledger Accounts PayableKing Co , Bal $1,025 Post the transactions to the accounts payable subsidiary ledger 3 Open...

Requirement 1 In Exercise 10 Cash Payments Journal Page 8 Date Ck No Account Debited Post Ref Other ...

Review your results from Short Exercise SC-10. Requirements 1. Total each column of the cash payments journal.

Question:

Review your results from Short Exercise SC-10.
Requirements
1. Total each column of the cash payments journal.
2. Open the following four-column accounts in the subsidiary ledger: Accounts Payable—King Co., Bal. $1,025. Post the transactions to the subsidiary ledger.
3. Open the following selected four-column accounts in the general ledger: Cash (111), Bal. $6,500; Merchandise Inventory (118), $1,800; Equipment (150), $10,000; (211), $1,025; Utilities Expense (541). Post the total of each column to the general ledger. Also, post the Other Accounts to the general ledger.
4. Balance the total of the vendor balances in the subsidiary ledger against in the general ledger. Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...